BGT vs. XPTFX
BGT (BlackRock Floating Rate Income Trust) and XPTFX (Federated Hermes Project and Trade Finance Tender Fund) are both Bank Loan funds. Over the past 5 years, BGT returned 6.46%/yr vs 6.46%/yr for XPTFX. At a 0.03 correlation, their price movements are largely independent. BGT charges 1.74%/yr vs 0.41%/yr for XPTFX.
Performance
BGT vs. XPTFX - Performance Comparison
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Returns By Period
In the year-to-date period, BGT achieves a 0.07% return, which is significantly lower than XPTFX's 3.23% return.
BGT
- 1D
- -0.19%
- 1M
- -0.92%
- YTD
- 0.07%
- 6M
- 0.07%
- 1Y
- -1.63%
- 3Y*
- 10.17%
- 5Y*
- 6.46%
- 10Y*
- 6.39%
XPTFX
- 1D
- 0.00%
- 1M
- 0.49%
- YTD
- 3.23%
- 6M
- 3.36%
- 1Y
- 7.44%
- 3Y*
- 7.97%
- 5Y*
- 6.46%
- 10Y*
- —
BGT vs. XPTFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGT BlackRock Floating Rate Income Trust | 0.07% | -0.84% | 16.12% | 26.29% | -16.57% | 25.89% | -0.81% | 18.97% | -11.95% | 0.62% |
XPTFX Federated Hermes Project and Trade Finance Tender Fund | 3.23% | 7.47% | 8.62% | 8.55% | 3.74% | 1.91% | 2.18% | 4.70% | 4.47% | -0.10% |
Correlation
The correlation between BGT and XPTFX is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.03 |
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Return for Risk
BGT vs. XPTFX — Risk / Return Rank
BGT
XPTFX
BGT vs. XPTFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Trust (BGT) and Federated Hermes Project and Trade Finance Tender Fund (XPTFX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BGT | XPTFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.71 | ||
| Sortino ratioReturn per unit of downside risk | -3.84 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 4.22 | -3.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 3.81 | -3.96 |
| Martin ratioReturn relative to average drawdown | -0.32 | 11.98 | -12.30 |
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Drawdowns
BGT vs. XPTFX - Drawdown Comparison
The maximum BGT drawdown since its inception was -58.06%, which is greater than XPTFX's maximum drawdown of -2.95%. Use the drawdown chart below to compare losses from any high point for BGT and XPTFX.
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Drawdown Indicators
| BGT | XPTFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.06% | -2.95% | -55.11% |
Max Drawdown (1Y)Largest decline over 1 year | -11.06% | -1.96% | -9.10% |
Max Drawdown (3Y)Largest decline over 3 years | -15.91% | -2.95% | -12.96% |
Max Drawdown (5Y)Largest decline over 5 years | -23.19% | -2.95% | -20.24% |
Max Drawdown (10Y)Largest decline over 10 years | -41.90% | — | — |
Current DrawdownCurrent decline from peak | -6.03% | 0.00% | -6.03% |
Average DrawdownAverage peak-to-trough decline | -8.11% | -0.26% | -7.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.16% | 0.62% | +4.54% |
Volatility
BGT vs. XPTFX - Volatility Comparison
BlackRock Floating Rate Income Trust (BGT) has a higher volatility of 1.40% compared to Federated Hermes Project and Trade Finance Tender Fund (XPTFX) at 0.21%. This indicates that BGT's price experiences larger fluctuations and is considered to be riskier than XPTFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGT | XPTFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | 0.21% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 7.03% | 2.89% | +4.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.94% | 2.95% | +6.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.56% | 2.53% | +11.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.34% | 2.01% | +13.33% |
BGT vs. XPTFX - Expense Ratio Comparison
BGT has a 1.74% expense ratio, which is higher than XPTFX's 0.41% expense ratio.
Dividends
BGT vs. XPTFX - Dividend Comparison
BGT's dividend yield for the trailing twelve months is around 13.59%, more than XPTFX's 6.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGT BlackRock Floating Rate Income Trust | 13.59% | 12.74% | 11.22% | 10.36% | 6.87% | 5.55% | 7.58% | 6.33% | 6.64% | 5.03% | 5.03% | 6.04% |
XPTFX Federated Hermes Project and Trade Finance Tender Fund | 6.02% | 7.24% | 6.78% | 6.66% | 5.70% | 2.21% | 2.74% | 4.62% | 4.60% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BGT and XPTFX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGT has higher volatility (1.40%) compared to XPTFX (0.21%). In terms of maximum drawdown, BGT dropped -58.06% vs XPTFX's -2.95%.
XPTFX currently has the higher Sharpe Ratio (2.54 vs -0.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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